Mobile is taking over the scene. Smartphones and tablets are bringing along this revolution, and our lives are becoming more intertwined with technology as a result. The term “mobile payment” actually has a number of different meanings. To some, NFC (near field communications) comes to mind. NFC is a relatively new payment option that allows users to wave either a card or mobile device in front of a sensor that will automatically process a payment for you. A lack of NFC sensors in the market has ultimately hindered the development of this payment method, but it could take off at any time. Card…

The last few months has seen mobile device payments skyrocket. As consumers move in droves to smartphones and companies create more “wallets” that use mobile screens and other technologies to register payments, the history of money appears to have a new chapter. Barter, coins, paper, plastic, and now smartphones – what’s next? This graphic by our friends at Gplus breaks down the direction and evolution of smart phone mobile payments and gives us a clear understanding of where the industry appears to be going. Click to enlarge. …

One area that could really use some innovation is the financial industry. We’ve already begun to see some interesting developments in the form of Credit Card 2.0, where credit cards will take advantage of chips to become more useful than before. However, this is a far cry from eliminating the need for that credit card or wallet altogether. But is it possible? With services like Square and Zetawire growing and companies like Google, Apple, and PayPal gaining interest in mobile payments, it seems like the future is already here; however, there are many obstacles that stand in the way of making this…